New MRI CEO looks forward to 2009 with excitement...
20 years in the Real Estate and Finance industry has taught me that it’s all a matter of timing.
2008 was the correction period that was inevitable. That means that 2009 is the year of opportunity.
Over the last few months I have had the pleasure of speaking to, and working with, many of the new ‘movers and shakers’ of the Real Estate industry. They are making the moves right now that will ensure that they will secure their financial future. They are buying at the bottom of the market, knowing that the only way this market can go is up.
Yet many of these people are not the established wealthy. Not yet anyway. They are average investors that have been just waiting for the market to correct itself, so that they can take full advantage.
Over the next few months, we will see many of the transactions take place, that we will look back on in 2 or 3 years time and marvel at what amazing bargains were secured.
MRI has restructured itself during the later stages of 2008. I have taken over as CEO and my aim is to ensure that we continue to bring quality investment products to the market.
With that in mind, we are concentrating specifically on the apartments we build via the Construction arm of our company. History has proved time and time again that Real Estate will outstrip any other form of investment if given enough time, as long as you pick a good location and supply a high quality build. MRI has a track-record of providing both. 2008 saw us complete our first Bulgarian project, Aspen Golf, with 4 other projects hot on its heels, all which will complete on schedule and on budget.
We have also begun acquiring land in many other countries, using the very valuable insight we possess as to which markets are likely to show the most significant Capital Appreciation as the market turns positive again. In addition to just developing Real Estate, we are also launching some ground-breaking rental packages which will mean that investors can have peace-of-mind with regard to mortgage payments for as long as 10 years!
Producing more universally acclaimed developments is what we will continue to do throughout my tenure as CEO.
What you will see less of this year is MRI attending Property Exhibitions. We have decided to leave that to the many partners that we deal with throughout the world; independent companies that have the right ethics and attitude, and that we endorse to promote our products.
On a personal note, after many years in this industry with a variety of different companies, I am very excited to be given the opportunity to be at the helm of the industry leader. Particularly as I believe 2009 will be a pivotal year. It will be the year that we look back on as when the recovery happened, and I look forward to dealing with many clients this year who have the foresight to recognize that ‘now’ really is the time to invest in Real Estate for long-term wealth.
Join me and make this a great year for yourself.
Dominic Pickering
Chief Executive Officer
MRI